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  • China to take over ZESCO – Africa Confidential

    Content Types: ArticleRegions & Countries: ChinaZambiaIndustries: Infrastructure
    The respected Africa Confidential has revealed that talks are underway for a Chinese company to takeover power utility ZESCO. And Africa Confidential has warned that Zambia risks losing its sovereignty to China as that country will seize national assets once government defaults on loans.
  • Hilton hotel opens US $100m Society Business Park in Zambia

    Content Types: ArticleRegions & Countries: USAZambiaIndustries: Real Estate & ConstructionTourism...
    The Hilton hotel has opened the newly refurbished development Society Business Park on Cairo road in Lusaka, Zambia. The 20-floor mixed-use park, which also houses Hilton Garden Inn, was part of a public-private partnership agreement between Zambia National Building Society (ZNBS) and the National Pension Scheme Authority (NAPSA) in 2011.
  • Xi meets Zambian president

    Content Types: ArticleRegions & Countries: ChinaZambiaIndustries: All
    BEIJING, Sept. 1 (Xinhua) -- Chinese President Xi Jinping on Saturday met with Zambian President Edgar Lungu ahead of the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).
  • World Bank to pay for $600 million railway from Tanzania to DRC

    Content Types: ArticleRegions & Countries: BurundiCongo...Industries: InfrastructureCommodities & Trade ...
    The World Bank is set to unlock $600 million for an infrastructure project to facilitate trade in East and Central Africa and provide an alternative route to the sea for Burundi, Tanzania, Zambia and the Democratic Republic of Congo.
  • AgDevCo invests $6.5 million in a pair of agribusiness deals

    Content Types: ArticleRegions & Countries: MozambiqueTanzania...Industries: AgribusinessLogistics & Transportation
    AgDevCo announced a pair of agribusiness investments last week for a combined total of $6.55 million. The precise terms and structure of both deals were not disclosed.
  • Foreign Investors Stake $252 million on 2.3% of Dangote Cement

    Content Types: ArticleRegions & Countries: CameroonGhana...Industries: Manufacturing
    In apparent show of confidence, some foreign investors have bought 2.3 per cent stake in Dangote Cement Plc for N86.1 billion ($236 million). The sale involved 416 million shares that was consummated in six off market deals on the Nigerian Stock Exchange (NSE) on Tuesday. This is the third time foreign investors are buying into Dangote Cement, where Africa’s richest man, Aliko Dangote, has a controlling stake.
  • A $548 million cement plant to be constructed in Zambia

    Content Types: ArticleRegions & Countries: ChinaZambiaIndustries: Power/Utilities
    Zambia mining investment arm in conjunction with China’s Sinoconst is set to construct a US$ 548m cement plant so as to help diversify the economy to reduce reliance on copper mining in the country.
  • Zimbabwe to dedicate $478 million to 2017-18 summer season

    Content Types: ArticleRegions & Countries: ZambiaIndustries: Agribusiness
    The government of Zimbabwe and Sakunda Holdings signed a $478 million agreement with CBZ Bank, Barclays and Ecobank to finance agricultural activities during the 2017-18 summer season, Reuters reported. Maize and soya production are mainly concerned.
  • China begins construction of $2 billion railway in Zambia

    Content Types: ArticleRegions & Countries: ChinaZambiaIndustries: Infrastructure
    Falling under China's broader pledge to spend $60 billion in Africa over the next three years, the China Civil Engineering Construction Company (CCECC) has begun construction of a $2.3 billion railway linking Eastern and Northern Zambia. The network will be 388km long when complete.
  • PCCC seals $1.6bn Zambia hydropower deal

    Content Types: Recent TransactionRegions & Countries: ZambiaIndustries: Infrastructure
    (PCCC) announced late on Friday that its international arm, Sinohydro, has signed a $1.6bn contract to build a hydroelectric station in Zambia. The project will involve the installation of 750,000kW of power generating capacity within 51 months. PCCC one...

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